In 1999, self-proclaimed closet geek John Behr started a company that set out to create a hand held wireless modem device as a go-between a laptop and PDA. The product itself was called Freedom Port and he named the company Wireless Ronin. Over the next five years, Mr. Behr led this company from concept to reality and raised multiple rounds of early stage capital-including post dot com crash and 9/11/2001.
In 2002, Wireless Ronin outgrew its roots and morphed into a digital signage solution branded as RoninCast using a hybrid wireless technology combined with self-configuring devices/displays. Two years later, Mr. Behr left Wireless Ronin and in early 2006, from the outside looking in, he witnessed the company’s 16mm IPO. He shared some of the lessons learned from the Wireless Ronin experience:
- Don’t raise money unless you absolutely have to.
- Double the projected amount of funding and always finish raising complete rounds.
- Raise synergistic Capital.
- Research-markets, people, teams, distribution, etc.
- People really matter
- Do what you love.
With his entrepreneurial itch left unsatisfied, Mr. Behr has since ventured into the mobile space, launching another (funded) startup known as Converdia. Hesitant to get very specific about Converdia, he had this to say about it:
“In short, the company is based on the premise of convergence-everything talking to everything. Our solution is all about being a connector and an enabler. We take a very complex problem of communicating a 1:1 message and automate it in ways that many others in our space don’t do.”
Listen to a candid conversation with a true serial entrepreneur who has been around the block, taken his lumps and yet continues to innovate in the name of Minnesota Technology.